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Search Results 0 to 33 of about 34 (some duplicates have been removed)
essentially rewrite legislation. changing the tax congress passed to declare obama care constitutional which is a littleec scary that the highest justice is -- justices in the land would take the activist roll. that's what is scary. the backdrop of the presidential year was europe. we know where this path leads. all this turmoil, the huge welfare and the low productivity and high unemployment that comes along with them, that was the backdrop of the presidential campaign. voters voted, and they said, yes, we are going to keep moving in that direction, kim. where do you think the electorat is here? is it be ibd hue the choices that -- is it behind the choices that jason suggested they might be? >> barack obamaus won this election by very effectively making this a referendum about his opponent, mitt romney. if you went out and asked most americans, do you think barack obama did a great job in his first term? do you want significantly higher taxes? do you want the government to do nothing about spending? are you happy with obama care? most would say no. but in the end the choice was between a pr
the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000. while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now but republicans don't want to see new revenues -- in other words, democrat tax increases -- be used for new spending. >> reporter: the president said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up-or- down vote. everybody should have a right to vote on that. if republicans doesn't like it they can vote no but i think there is a majority support to make sure that middle class families are held h
about raising taxes on rich peel. obama care does raise taxes on rich people to pay for health insurance for poor people. that is fact number one. number two, as you are ringing in the new year, think about the fact that health care for the poor will actually be improving this year. there are more than 50 million people on medicaid. medicaid is the main program used to give health care to the poor and to the children in this country. medicaid is super cheap. it is way, way cheaper than private insurance or medicare. and in part it is so cheap because it pays doctors a lot less than those programs do. that means a lot of doctors, particularly primary care doctors, don't want to participate in medicaid or they can't afford to. so a lot of folks on medicaid have trouble actually getting care. doctors who accept medicaid coverage are going to see a 73 -- primary care doctors i should say. a 73% raise in 2013. which means those folks will have more access to more doctors. so we're not just expanding health care for the poor in 2014. starting in 2013 we're making it better health care. that is
is reached. obama and the rest of republicans remain of the impasse over the republican refusal to allow tax hikes even for the wealthiest americans. senate majority leader on thursday accused house speaker john boehner of holding up a deal. >> the american people i don't think understand the house representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> adding to the urgency surrounding the talks, treasury secretary timothy geithner warned this week the u.s. will not be able to pay its creditors after monday unless the debt ceiling is raised. we will have more on the fiscal cliff talks, speaking with congressmember dennis kucinich after the headlines. environmental protection agency head lisa jackson has announced a resignation ahead of president obama's second term. jackson departs after a four- year tenure that saw advances in the regulation of environmentally harpo practices such as mountaintop removal and the emissions of harmful chemica
roundtablers pick? was the smartest obama decision to campaign relentlessly on raising taxes on the rich? or was it the early takedown of mitt romney in all those ads last spring that painted him as a rich guy? or the high-tech multimillion dollar back room operation to identify every obama vote and then turn it out on election day? for finally, was the smartest obama decision just bring it in, bubba? >> no president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years. chris: was that stacking the deck, mike? >> all good. the one they think wargs the brilliant one was betting that if they spent $150 million in nine or 10 states over the summer, it would pay dividends when the thing got tough. and they bet it when they didn't know they would have money later. chris: to bring down romney. >> as a rich plutocrat. they knew that would help them later if it got tight and it did get tight. obama told people in the summer what are you doing? what are you thinking? i want to keep it close now and win it in the debates. that's pret
obama offered them a week ago, which only raised about $1.2 trillion in taxes. because here's what i think is going to happen now. if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even the negotiations had really kicked off. then we're going to go over the cliff and the pressure will mount quickly to strike another deal. republicans are still going to want entitlement cuts sop the white house will insist that the next deal include a dollar in tax increases for every dollar in spending cuts. so in that next deal, image republicans want $800 billion in spending cuts, a number of they've kicked around before. democrats will say they need that much in t
. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically s
obama promised in his campaign to lower the corporate tax rate, which i believe would bring some corporations back to set up their factories of in america and said of china, india, brazil. it just seems like congress and our leaders in general are trying to bring america down equal to the other nations of the world. i believe it is all headed for a one world government. they have to knock america down before they can get us equal with the other countries in the world. we are building the other countries up. it's a cinch to me like our leaders reject i agree with the last caller, there should be term limits. after they are in there so long, their interest is not in helping america. it seems to me like they are positioning for money in their own pockets or they become lobbyists. this secreted a law that they should not be able to become lobbyists for a few years sucker they leave congress or senate. they need to just bring america back up. if it would bring more jobs back to america, then we would have more taxes to be collected. host: more in the financial times this morning. capi
taxes on americans earning more than two of the $50,000 a year. >> republicans want taxes to stay where they are. >> others want to see government spending to inject. >> the president--has said nothing about the addition about the spending of his administration. >> president obama said he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pocket-andrew spencer reporting. >> secretary of state hillary clinton was hospitalized with a blood clot. >> doctors say the same medical problem related to a concussion she recently suffered. >> a blood clot was found yesterday doing a follow-up medical visit. you remember 65 year-old clinton suffered a concussion several weeks ago after fainting while recovering from a stomach virus. >> let us bring it over to erica regarding our forecast. we have a driver is it? >> in to wednesday i
or an alternative plan that would continue unemployment benefits and keep taxes at the bush era level? guest: i'm not sure that anybody knows. and that includes president obama, joe biden, senator reid, speaker boehner. there are not the many hours left until the new year. the players involved are all aware of that. that has not made enough of a difference to change the negotiations. we will know more as the house and senate members return to the hill this morning. then we will know if we're going over the fiscal cliff at midnight. host: edward-isaac dovere, thank you for being with us. guest: thank you. host: the senate action getting underway about 11:00 a.m. and we will have live coverage of what happens on each floor of the chamber as lawmakers will meet with reporters. this is from joseph ramirez. "the blame game continues" is the headline from "usa today." charles is joining us from texas. caller: good morning. thank you for taking my call. i think we are in trouble either way. president obama was known to be the most extravagant senator when he was in office and never had a job as far as
% raised the child tax credit. there is still time to act. both president obama and senator harry reid claim that an achievable plan is one that can pass both houses of congress. republicans agree. the republican controlled house has taken a step in the right direction. the house has already passed bills to protect all americans from burdensome tax increases. in addition, the pass legislation to replace a damaging, across-the-board spending cuts with responsible, targeted ones, and to bring our nation's record debt under control. but instead of working across the aisle and considering the house passed a plan to protect taxpayers, senate democrats spent months throwing partisan lines -- dry partisan lines in the sand. the president pulls a proposal to raise taxes on the top 2.2% of americans will not pay one- third of the interest owed on this massive $16 trillion debt. the tax hike would only fund the government for eight days. americans deserve to know, what does the president propose we do for the other 357 days of the year? inaction should not be an option. the problems facing our c
trying to kill all the bush tax cuts. even mr. obama since 2005 when he was running as a senator. i don't know what your thoughts are about that. i would like to hear about the democrats voted to push us off the fiscal cliff. host: how you pick political heroes? caller: this is a republic and want to see going back to what it was. people are getting knocked off of unemployment in states because their rates went down. we go off this cliff, anybody on extended unemployment will not get a check in january. host: this is gary who chooses ben bernanke. beverly is next from vermont. caller: hello/ ? my choice is the teachers of america. i cannot believe that people did not speak up more for the teachers. they do they hurled job practically every day. host: why are they political heroes? caller: who do you think is going to run the country in the future? this is something that people do not understand. our future is our children. nobody seems to care. my choice is the teachers in america. the teachers that were killed the other day, they are true heroes. i cannot believe some of the idiots tha
forward a little bit more, president obama more on spending reductions including entitlement reform, he did do some and mr. boehner, speaker boehner coming forward not just $1 million having a tax raise, those earning $400,000 to $500,000, you can get the grand bargain. it's not what we are talking today. get the fiscal cliff to where you change the scale to a bunny slope, where the skier can pick up speed, accelerate the economy up to 3%, only reducing the debt reduction down 200 billion. then with the surging economy, you get $3 trillion in february before the debt limit is broken, then the economy is so strong it can take the grand compromise and roar into the next nine years. that's the grand compromise. >> i heard you use that reference of the bunny slope. we are about to hit the bunny slope as opposed to the fiscal cliff. this is from an article in the washington post. if an agreement is reached, taxes would go up a bit for the wealthy. there would be no changes to entitlement programs, medicare, social security, no grand strategy to race cash through a tax code. a fresh start for
for the tax code in a continuing series on what president obama and congress should tackle in the next four years today. the "new york times" lead editorial is why the economy needs tax reform. that editorial today in the "new york times" if you want to check it out. we'll go now to linda from indiana this morning on the independent line. caller: good morning. afe couple points to make. i can't understand why a handful of bureaucrats are able to control all the american citizens. i think there ought to be term limits. and if they don't do their job, instead of electing people why don't we throw them all out and appoint somebody and when they don't do their job they're the ones who get the pink slip. i just don't understand the way this economy is going. the e.p.a. is regulating and pushing through cutting down on energy, the poor coal miners, because they want that clean energy. we've got a plant right here not just a few miles from me. they burn clean coal. if i was in there, they would probably have me assassinated in a week because i would have a line item veto every bit of pork barrel s
barack obama did a great job in his first term? do you want significantly higher taxes? do you want the government to do nothing about spending? are you happy with obamacare? most would say no, but in the end the choice was between a president who said things aren't great, but i'm still going to try to make them better and a guy he painted as not having a plan and not identifying with the average wants and needs of middle class americans and in the end, people decided to stick with the devil they knew rather than the one they didn't. >> paul: so the election, the republican defeat was big, but it wasn't overwhelming in a sense of repudiation, kim, as far as a republican platform and their agenda? >> no, i think the reason, look, this country had the opportunity in this election to once again hand completely controlled government to democrats. everyone in the house was up for reelection and yet, they continued to give republicans, majority there. they liked divided government and i think you've got to look to the number of states that have elected very conservative governors who are
of the year . president obama knows this and set to expire is the bush era tax cuts . what impact will this have on the military? >> it will have an across the board impactit sequestration is so bad. we'll get across the board training to maintenance and to the next weapon system and on base things provided for families and tri-care. it hits everything. secretary panetta called it a meat axe. our readiness will be stunted by sequestration . it is bad policy. >> clayton: republicans agreed to it. you agree and say this is never going to happen. because we will get this thing done . now eight days done. is it possible to go through with a fine tooth comb and pick through. senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the road. we need to reform quick kick in the can. >> clayton: secretary panetta, set to take over him. w
a stand. every single republican, republican ran for office on the pledge to hold the line on taxes and cut spending. that is what they're are bound to do. barack obama ran also on that. he said he would restore fiscal responsibility and do something about the spending. this is a guy who was giving us trillion dollar deficits, both sides are being decided, and start talking about this. stuart: what is the media doing? >> typically cobbling barack obama. this guy is filing his nails while the republicans twist themselves into knots. the media are giving obama a complete pass on this one and not holding his feet to the fire on anything and keeping the gun fire on the republicans at all times. the media have been just about as silent as anyone else. all the media accept for stuart varney. stuart: flattery is the fondest milk in television. i have a prediction from you. i personally think there will be some kind of awful last-minute deal, tax the rich, don't cut spending, ignore the debt. i think that will happen. what is your prediction? >> i will put my kids and your prediction. repub
's insistence that the wealthy pay more in taxes. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own scaled-back bill that would block tax increases for all but the wealthy. and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into affect today. tara mergener for cbs news, washington. >>> former president george h.w. bush is 88 years old and sent to the hospital la
and nondiscretionary. >> i agree there's no more trust between speaker boehner and president obama. >> that's the other dog not barking here, is how small expectations are become here. how little deficit reduction will happen here. >> none, right? by the way, aren't taxes going up anyway? >> true. >> what people don't know or what we haven't focused on here, nobody is talking about keeping taxes low on social security. >> right. the payroll tax, the extension of the holiday in effect is not even on the table at this point. >> right. my question is, could this be an ongoing battle where you see a series of skirmishes in the new year over the debt ceiling and over another budget because it's an ideological tug-of-war that will eventually break and they're just fighting for it now, but it's a huge battle of ideas that maybe they have to fight over for a while. >> it is. you're right, jessica. i think the speaker at heart -- it's not about necessarily his caucus to vote. he does not believe that raising taxes on people making more than $250,000 is a good economic policy and thinks it's disastrous. the pres
mcdonnell and john boehner and nancy will sit down with president obama. it's the first time all five are meeting since november. economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago. >> the main sticking point is who should pay more in taxes. democrats want a hike on households making more than $400,000 a year and republican aids say their leaders might get on board with that offer. >>> meanwhile if they aren't able to avoid the fiscal cliff people here in alabama will be especially hard hit. that's because prop 30 will soon mean higher sales taxes and higher income taxes on the state's top earners, the fiscal cliff would add to that hitting all american with
tax. more american energy means more american jobs. energy projects in the united states we have held back by federal obstacle of all kinds. the keystone xl pipeline has been hanging in the balance because president obama has been unwilling to move forward on what should have been an easy decision. republicans hope to work across the aisle to solve these other challenges facing america. in the next few days leaders have important responsibilities to work together to do just that. unless congress and the president act immediately, every american will be forced to pay for the largest tax hike in our nation's history on january the first. the federal government and defense workers will undergo across the board budgetary cuts. these are the cuts that president obama promised during the campaign would never take effect. we can do this in a much smarter way. economists have continually warned that going over the fiscal cliff will lead to a devastating job losses at a time when american families and small business owners are still struggling to get back on their feet. non-partisan cbo says e
. back to our top story. all eyes on washington where president obama will meet with congressional leaders to make one more attempt to craft a deal to avert looming tax hikes and spending cuts. with most of the hoist members on vacation until sunday night, no plan in sight. how much can actually be accomplished. susan fereccio joins us now. chief congressional correspondent for the "washington examiner". we're seeing dianne feinstein there on the senate floor. it is vacant on the house side. so in truth how much is really going to get done? >> well, gregg, a lot of this negotiations are really taking place between the leadership levels right now. we don't really have to worry about what is happening on the house floor. it's about what is going on at the white house. now, the president today is going to meet with congressional leaders from both parties, both chambers. they will sit down. they will talk about a potential deal. the president might offer something that maybe the republicans could go for. it wouldn't be a sweeping deal. gregg: like what? >> might be something smaller. w
. the tax burden overall would be about the same. and the deficit if with starts to wind down. the problem is president obama has also presided over a french- style growth rates of 2% per year. is not the worst of jamee have been been in the post world war era. -- this is not the worst jam. reagan had the economy growing at 6%. whereas mr. obama, to%. the downside has been the notion of accepting a much slower broken. longer-term, the pyramid of our society is getting more like a column, because we're having more and more older people -- people are living older and we can raise the retirement age. even with that we will have a larger elderly population to take care of. 2% growth becomes very difficult to maintain our commitments to the elderly. if you think it's a great idea if you are 40 right now and it actually happens, you will have a lot of tears. host: greg in north carolina, independence, for peter morici. caller: dr. morici, i guess my question is pretty simple. i just want to know, i noticed that republicans and democrats squabble about a lot of stuff, they are partisan about a lo
trillion national debt. it's expected to go up over $22 trillion before president obama leaves office. fact number two, washington's problem is not revenue. it's uncontrolled spending. fact number three, in less than 14 hours, automatic tax hikes will give washington more money to spend. fact number four, the nonpartisan congressional budget office says these automatic tax hikes threaten to put us back into another recession. fact number five, the house has done its job to avoid this crisis by passing a bipartisan bill to stop the tax hikes. fact number six, the senate, with the president's approval, has refused to take up this bill. and fact number seven, we've done our job in the house. it's time for the senate to do their job before the clock strikes midnight. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from new york rise? >> to address the house for one minute. the speaker pro tempore: without objection. mr. higgins: mr. speaker, at midnight tonight the budget control act of 2011 and sequestration will trigger spending cut
share. then we go back to the situation -- recalling the bush tax cuts. if i am correct and i know i am, president bush was our republican. president bush was involved for eight consecutive years. he created the debt that was left for president obama to deal with. so for republicans to throw their hands up in the air to say they have no claim to any portion of this debt is completely ridiculous. host: ok. sure. caller: i am unemployed. i have been unemployed for the last several months. i am a financial controller by trade. it is extremely difficult to find employment. i would truly appreciate for something to be settled today to it least give me my additional benefits i was originally granted but now is continued until the 29. host: thank you for joining us unsell -- thank you for joining us from california. the house republican whip sent out a memo earlier this afternoon saying that we do expect to have a series of votes later this afternoon. "today's schedule remains very fluid. members are advised to remain close to the capitol. please stay as flexible as possible as we move through
a simpler, fairer tax code that will help our economy grow. president obama, however, has a different view, so we're forced to find common ground, and in this case that means extending the tax rates that we can to help as many americans as possible avoid higher taxes. we also need to fully address sequestration. sequestration involves automatic spending cuts. those spending cuts hit the military disproportionately, and i believe they need to be revised, but the pressure to do that kicks in after january 1, and i believe that that pressure will serve as a catalyst for congress to come up with and pass better alternatives. also, we must address the debt ceiling, and it must be addressed in a way that reduces spending. we have no choice. we're borrowing 40 cents of every dollar that we spend, and that is simply not sustainable. but again, we have got to break the current logjam, and if we can't get all of these things done in one package, then let's get started with what we can do. let's get this tax piece done for as many working taxpayers as possible and immediately move on to the next task
Search Results 0 to 33 of about 34 (some duplicates have been removed)